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Your company manufactures two models of speakers, the Ultra Mimi and the Big Stack. Demand for each depends partly on the price of the other.
Your company manufactures two models of speakers, the Ultra Mimi and the Big Stack. Demand for each depends partly on the price of the other. If one is expensive, then more people will buy the other. If p1 is the price of the Ultra Mini, and p2 is the price of the Big Stack, demand (quantity sold) for the Ultra Mini is given by
q1=100,000-100p1+10p2
Where q1 represents the number of Ultra Minus that will be sold in a year. The demand (quantity sold) for the Big Stack is given by
q2=150,000+10p1-100p2
[-18.37 Points] DETAILS Your company manufactures two models of s and P2 is the price of the Big Stack, demand 100,000 - 100p1 + 10p2 where 9 represents the number of Ultra Minis 150,000 + 10p1 - 100P 2. Find the prices for the Ultra Mini and the Big SE P1 = $ P2=$ SubmitStep by Step Solution
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